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Those are MB10 style assumptions! Your charity insight is much closer to the mark.
And we all know Knco AKA Tintin200 being an insider cannot be wrong :-)
Don't worry knco has guaranteed it to be 10p by June
I am cutting my small losses and wishing you well as it is still falling I notice.
My mistake buying this Phoo the other week.
No one can predict the (so) future - by next week we could be sub 0.5p or back over 1p - who knows!!
The new business investors may bring a fresh spurt. hence I bought a few the other week but I know the risks. They did go from 3p to over 12p once.
They are now even cheaper at 0.75 and I should have waited until after the meeting.
I must learn from my mistakes.
A lot of the rentals are to shopping centres who are already strapped for cash due to the shift in online shopping. Many of these are also council run and therefore cannot spend huge amounts let alone 150,000.
The largest sets that go to zoos, probably do achieve this, but far fewer.
"£150k would equate to almost two years total budget for the charity."
Should read '£150k would equate to almost two years total budget for events for the charity'.
Good post Bennster.
On another note "If you look at the previous rns’s and the turnover against the number of BL events, average order is £150k so far we have about 23 events and we are just 3 months in 2024. I believe we will do at least 50 events this year which is 7.5m"
Thats factually untrue regarding averages, as I took a look at the list of events and noticed one of them is local to me and I am an actual trustee on the board so had a word with the treasurer and took a look at what the actual cost is. It was a small fraction of what you suggested, in fact for it to be at an average of £150k would equate to almost two years total budget for the charity.
Morning all.
Thought I'd check in on developments. It's good that LVCG have communicated the right way this week - not via a love-in webinar but via RNS.
The content is, of course, still totally woolly and devoid of numbers (other than the 13.5M shares dropping onto the market over the next 5 months). No cornerstone investor has been signed - the RNS makes it very clear to those who read it that it may never happen - however, like with Jason Lee we are told there are positive signs and we should be excited about the future.
The business is now 300M shares when it used to be 60M - the mcap is now £2M when it used to be £30M.
The share price reflects the fact that of the 4 divisions, bricklive is the only one doing any business and now via a truncated model compared to the past. Startart was a folly and has rightly exited stage left. Kpop - we all know about that. Formula E movement etc etc - was a nice weekend for DC, nothing else.
DC now has a big charge on the assets as somebody earlier quite rightly said - the convertible loan note gives him first dibs on the assets left if this goes belly up, we are absolutely back of the queue for anything as SH's.
For me the SP is a fair and accurate reflection of the net book value of this company. Only when hard results materialise will this move - there's too many 1p shares washing about and clearly not many takers judging by the activity this week.
In that regard expecting the SP to go up of it's own accord is simply bizarre. Predicting 10p, 30p is even worse!
When/If a cornerstone investor comes along, we will see a further heavy dilution because they won't be charitable to any of us - they'll be in it for themselves of course. The idea that a further business venture will just benefit us is simply bizarre.
This company still lives and breathes - hopefully it will continue to do so but we all have to understand we own a much smaller share of a much smaller operation than we did 12 months ago. Our portfolio values reflect this.
"I have been unsettled by the recent rampings of some on this board prior to the lifting of suspension which have now turned out to be the ravings of demented persons."
Indeed, to provide context for those assertions, around the 1st of March, knco predicted the relisting price would be between 3p-5p, and the reality was quite different. Now, with predictions of 10p by summer, which is merely three months away, and 20p-30p by Christmas, if his accuracy is consistent with the current situation, I'm sceptical that we'll reach my break-even point, and I'll still be here, sifting through the ramblings of a madman.
" There will also be new brick live models/tours."
How many and at what cost?
Euston, I would suggest maybe don't sell all, just in case a fortune however unlikely is around the corner. After all, we both wrote off our holdings thinking it would not come out of suspension, so we are theoretically now in profit.
We appear to have the same break even point Hugh. I will be out when it hits that price.
If you look at the previous rns’s and the turnover against the number of BL events, average order is £150k so far we have about 23 events and we are just 3 months in 2024. I believe we will do at least 50 events this year which is 7.5m , only costs are shipping/depreciation and repairs when needed which is outsourced, so i’d say we can make 70% on this which is over £5m , running costs for the company have been drastically reduced i’d say its £1.5m so that is a profit of £3.5m and that does not account for the potential with the cornerstone and formula E. plus we are cashed up for the rest of the year. There will also be new brick live models/tours. With 400m shares current MC is just £3m . This is a steal imo and i will continue to buy.
Simple, I am not far behind you with an average of 2.45p. I have to admit that I am tempted to exit at break even, or do I sell some and hold some hoping for Utopia. I have been unsettled by the recent rampings of some on this board prior to the lifting of suspension which have now turned out to be the ravings of demented persons. Otherwise the SP would have soared by now. Moral of the story - ignore the rampers and their supposed information because it is b o l l o c k s
I've refrained from giving an opinion until there's confirmation within an RNS, so here's my concise take. It's positive that Bricklive is generating revenue, though the amount remains unknown to us. I anticipate no significant change to share value until the cornerstone investors and the company finalise their due diligence and a decision on choice and direction made, which is expected by the end of May or into June. We remain hopeful for a bright future, but the timeline for any substantial improvement is uncertain. My investment average is relatively low at 2.27, so reaching that figure would allow me to exit at break-even, which would be satisfactory.